Banking News
first direct in new role to raise £1million for ChildLine
Alison Leonard, first direct's Head of Digital Solutions, has taken the newly created position "Chair of the Regional Child's Voice Appeal Board North", which will see her working to secure funding from sources within the Yorkshire and North East area to support the development of the NSPCC's helpline services.
Better protection for borrowers
Customers borrowing money will get greater protection under the new Lending Code which comes into effect at the beginning of November.
Nationwide sends Cats' Eyes reflectors to UK schools
Of those most at risk, child pedestrians are perhaps one of the more vulnerable groups of road users, with many still learning road awareness skills as they walk to and from school on an almost daily basis.
FSA announces tough new code for financial reporting disclosure
The Financial Services Authority (FSA) has announced today that the major UK-headquartered banks have agreed to implement a tough new code for financial reporting disclosure.
Barclays deal with EIB gives boost to Further Education Colleges
Some 24 Further Education Colleges across the UK will benefit from lower cost finance comprising a total of £200 million to fund almost £1billion of capital projects, due to a loan facility made available following the signing of a new contract between Barclays and the European Investment Bank (EIB).
Virgin Money applies to become a bank
Commenting on news Virgin Money has applied to the Financial Services Authority for a licence to become a bank, Kevin Mountford, head of banking at moneysupermarket.com, said; "Although this news has been long expected, it will be interesting to see if and when it comes to fruition.
Stake your own claim, says Which?
Some claims management companies are discouraging consumers from claiming back excessive bank charges or mis-sold payment protection insurance (PPI) by themselves, reveals an undercover investigation by Which?.
Banks surpass target to halve number of unbanked households
The British Bankers' Association welcomed the Treasury's confirmation that the number of UK households without bank accounts fell from two million in 2003-04 to fewer than 900,000 in 2007-08.
Leeds BS donates £7,915 to Age Concern and Help the Aged
Leeds Building Society has made a £7,915 donation to Age Concern and Help the Aged, which is one of the Society's partner charities. This donation has two components to it.
Number of households without bank accounts cut by half
The Government and the Financial Inclusion Taskforce have announced that the shared goal to halve the number of adults living in households without access to a bank account has been achieved.
For banks, sorry seems to be the hardest word
A year after the financial sector bailout, Which? has found that there is still widespread consumer resentment against the banks.
BBA cautions consumers on claims handlers
Bank customers could be putting their money at risk by paying consumer claims handlers who mis-manage their complaints, an independent study for the British Bankers' Association has found.
Virgin Money expands into online charity fundraising
Virgin Money has launched its not-for-profit online charity fund-raising service as part of a drive to significantly increase the money going directly to good causes.
Leeds BS mortgage and savings deals for rail passengers
Leeds Building Society has launched a unique and innovative scheme, incorporating significant deals and discounts on savings and mortgages, for season ticket holders on the Northern Rail network.
Bond issue underlines strength of Coventry Building Society
Coventry Building Society has secured £350 million in long term funding from the financial markets in a deal which shows the strength of the UK's third largest building society.